NSE has issued a circular (Ref. No. 0729/2026) under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, suspending trading in three privately placed non-convertible securities effective May 6, 2026. The suspensions are triggered by redemption of the respective instruments issued by NIIF Infrastructure Finance Limited, Power Finance Corporation Limited, and Tata Capital Limited.

Key Points

• Trading suspension is effective from May 6, 2026 for all three securities.
• All three suspensions are due to redemption of the non-convertible securities.
• The circular applies to members of the NSE Debt Market segment.
• Issued by the Listing Department under Download Ref No: NSE/CML/74045.

Regulatory Changes

No new regulatory changes are introduced. The suspensions are executed in pursuance of Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, which governs the suspension of debt instruments upon maturity or redemption.

Compliance Requirements

• All NSE members must cease trading in the listed ISINs from the suspension date.
• No action is required from issuers beyond honoring the redemption obligations.
• Members holding or facilitating trades in these securities must ensure no transactions are executed on or after May 6, 2026.

Important Dates

Impact Assessment

The impact is limited to investors and traders holding positions in these specific debt instruments. Redemption means bondholders will receive principal repayment, making trading suspension a natural and expected step. There is no systemic risk or broader market impact anticipated. Members should update their systems to reflect the suspension effective May 6, 2026.

NSE’s Listing Department has issued a circular (Ref No: NSE/CML/73935, Circular Ref. No: 0700/2026) notifying the suspension of trading in two privately placed non-convertible securities effective April 29, 2026. The suspension applies to ISINs held by NIIF Infrastructure Finance Limited and Sundaram Finance Limited, both being suspended due to redemption under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.

Key Points

• Two non-convertible securities (privately placed) are being suspended from trading on April 29, 2026
• NIIF Infrastructure Finance Limited (ISIN: INE246R07293) — suspended due to redemption
• Sundaram Finance Limited (ISIN: INE660A07QV2) — suspended due to redemption
• Suspension is pursuant to Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
• Circular issued by Vishakha Kine, Manager, on behalf of National Stock Exchange of India Limited

Regulatory Changes

No new regulatory changes are introduced. The suspension is carried out under existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of debt securities upon maturity or redemption events.

Compliance Requirements

• All NSE members are notified and must cease trading in the specified ISINs from the suspension date
• Members holding or dealing in INE246R07293 or INE660A07QV2 must ensure no trades are executed on or after April 29, 2026
• Settlement of trades executed prior to the suspension date must be completed as per normal settlement cycles

Important Dates

• Circular Date: April 28, 2026
• Suspension Effective Date: April 29, 2026
• Applies to both securities simultaneously

Impact Assessment

The impact is limited and routine in nature. Both suspensions are triggered by scheduled redemption events, meaning the securities have reached their maturity and will be redeemed. Investors holding these instruments will receive redemption proceeds as per the terms of the respective debentures. There is no adverse market impact; this is a standard lifecycle event for privately placed debt instruments. Members and investors should update their systems to reflect the suspension of these ISINs from April 29, 2026.